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The WikiFX Score of this broker is reduced because of too many complaints!

Zion

United Kingdom|2-5 years|
Suspicious Regulatory License|White label MT4|Regional Brokers|United States Common Financial Service License Unauthorized|Suspicious Overrun|High potential risk|

https://www.zion-g-ltd.com

Website

Rating Index

MT4/5 Identification

MT4/5 Identification

White Label

2
Server Name
ZionGlobal-Demo MT4
Server Location Japan

Contact

support@zion-g-ltd.com
https://www.zion-g-ltd.com
4D SALISBURY ROAD,WESTON-SUPER-MARE,SOMERSET, UNITEDKINGDOM,BS22 8EW
The WikiFX Score of this broker is reduced because of too many complaints!

Licenses

VPS Standard
No restriction on the broker account. Support service provided by WikiFX

Single Core

1G

40G

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Broker Information

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Company Name

Zion Global Limited

Company Abbreviation

Zion

Platform registered country and region

United Kingdom

Company website

Pyramid scheme complaint

Expose

Check whenever you want

Download App for complete information

Warning: Low score, please stay away! 4
Previous Detection : 2024-04-23
  • It has been verified that this broker currently has no valid regulation. Please be aware of the risk!
  • United StatesNFA (license number: 0538960) The regulatory status is abnormal, the official regulatory status is Unauthorized. Please be aware of the risk!

WikiFX Verification

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Rough manipulation of the forex market

The Zion global limited broker made welcome bonuses to all users. The bonus was an estimated amount of 50usd with which the new ones made purchases and sales with the signals granted by the company. The bonus was only available for a period of 5 days, in those 5 days it was possible to earn from 10 to 15 USD, which were withdrawable with the USDT cryptocurrency through the tron network. After using the bonus it was each person's decision to deposit more and earn more money with signals from the same broker since all signals are earned. This is how the broker tells us to put all the lottery in our account since it charges a commission of 30% to 50% per operation carried out. Thus, last week they began to open gold and silver accounts to convert old users to earn more with a simple deposit of 100 USD in the silver plan and 1000usd in the gold plan. When the broker performed such an action, it canceled the withdrawals of all the users and returned all the withdrawals to the users' balance in order to continue providing the signals for 2 days. On the second day, he sent us a buy signal at a certain point in the market with which all the users bought at the indicated point and minutes after having bought, the price began to move in the opposite direction, taking all the capital invested from all the users. It is with this that the manipulation took all the capital out of the broker's user. the broker sent all the operations of purchase and sale in the currency pair of the NZDUSD.

vladimir delgadillo jesus
2022-06-29 10:55

Zion · Company Summary

Note: Zions official site - https://www.zion-g-ltd.com/ is currently not functional. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.

Risk Warning

Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.

General Information

Zion Review Summary in 10 Points
Founded N/A
Registered Country/Region United Kingdom
Regulation NFA (unauthorized)
Market Instruments forex currency pairs, commodities, futures, energy, precious metals, indexes, stocks
Demo Account N/A
Leverage N/A
EUR/USD Spread From 0 pips
Trading Platforms MT4
Minimum deposit N/A
Customer Support email

What is Zion?

Zion is an offshore financial services provider that offers trading services in various financial instruments such as forex currency pairs, commodities, futures, energy, precious metals, indexes, and stocks. It provides clients with access to the global financial markets through the MetaTrader4 (MT4) trading platform. However, Zion operates without regulation, and traders should carefully consider the risks associated with trading on an unregulated platform.

In the following article, we will analyze the characteristics of this broker from various aspects, providing you with simple and organized information. If you are interested, please read on. At the end of the article, we will also briefly make a conclusion so that you can understand the broker's characteristics at a glance.

Pros & Cons

Pros & Cons

Zion offers a diverse range of financial instruments and provides access to the widely used MetaTrader4 (MT4) trading platform. However, Zion operates without regulation, which raises concerns about the safety and security of clients' funds. Additionally, reports of difficulties with withdrawals and scams on the website further highlight the risks associated with trading on an unregulated platform.

Pros Cons
• Wide range of financial instruments • Operates without regulation
• Access to MT4 • Reports of unable to withdraw and scams on the website
• Lack of transparency

Zion Alternative Brokers

    There are many alternative brokers to Zion depending on the specific needs and preferences of the trader. Some popular options include:

    • Axi - a regulated broker offering a wide range of trading instruments and competitive trading conditions, making it a suitable choice for traders looking for a reliable and well-regulated broker.

    • IronFX - a globally recognized broker with a diverse product offering, but traders should be cautious due to past regulatory issues and client complaints.

    • ThinkMarkets - a reputable broker with a strong track record, offering a variety of trading instruments and platforms, making it a reliable choice for traders of all levels.

Ultimately, the best broker for an individual trader will depend on their specific trading style, preferences, and needs.

Is Zion Safe or Scam?

Zion is unregulated and the National Futures Association (NFA, License No. 0538960) does not authorize it, it raises concerns about the safety and legitimacy of the broker. Trading with an unregulated broker carries higher risks as there may be limited oversight and protection for traders. It is advisable to exercise caution and thoroughly research and evaluate the broker's credentials and reputation before engaging in any financial transactions with them.

Market Instruments

Zion provides investors with a diverse range of financial instruments to trade. These include forex currency pairs, allowing traders to participate in the global foreign exchange market and take advantage of currency fluctuations. Additionally, Zion offers commodities, enabling traders to speculate on the price movements of various commodities such as oil, gold, and agricultural products.

The broker also provides futures contracts, which allow traders to speculate on the future value of underlying assets, including commodities, currencies, and stock market indexes. Moreover, Zion offers trading opportunities in energy markets, precious metals like gold and silver, a selection of global stock market indexes, and individual stocks.

Spreads & Commissions

Zion boasts competitive spreads, starting at 0 pips for certain trading instruments. The spread is the difference between the bid and ask price, and a lower spread indicates a tighter pricing and potentially lower trading costs for traders.

However, no information is available regarding commissions charged by Zion. Commissions are fees that brokers may charge on top of spreads, and they can vary depending on the trading instrument and account type. Without specific details about commissions, it is advisable for traders to reach out to Zion directly or consult their trading platform for more information regarding commission fees. Understanding both the spread and commission structure is crucial for traders to accurately assess the overall trading costs associated with trading on the Zion platform.

Trading Platforms

Zion offers its clients the widely recognized MetaTrader4 (MT4) platform, which is available for both desktop and mobile devices. MT4 is a popular choice among traders due to its user-friendly interface, advanced charting tools, and extensive range of trading features.

The platform allows traders to execute trades efficiently, access real-time market data, analyze price movements, and implement various trading strategies. With MT4, clients of Zion can benefit from its powerful and intuitive trading platform, enabling them to make informed trading decisions and participate in the global financial markets with ease and convenience.

See the trading platform comparison table below:

Broker Trading Platform
Zion MetaTrader 4 (MT4)
Axi MetaTrader 4 (MT4), MetaTrader 5 (MT5)
IronFX MetaTrader 4 (MT4), MetaTrader 5 (MT5)
ThinkMarkets MetaTrader 4 (MT4), MetaTrader 5 (MT5), ThinkTrader

Customer Service

Clients can reach out to Zion's customer service team via email at support@zion-g-ltd.com or support@zion-globallimited.com for consultation regarding any questions or concerns they may have. Additionally, clients have the option to visit the company's physical address located at 4D Salisbury Road, Weston-super-Mare, Somerset, United Kingdom, BS22 8EW.

Pros Cons
• Email support available • No 24/7 customer support
• Physical address provided for inquiries • Lack of live chat support
• No social media presence

Note: These pros and cons are subjective and may vary depending on the individual's experience with Zion's customer service.

User Exposure on WikiFX

On our website, you can see that reports of unable to withdraw and scams. Traders are encouraged to carefully review the available information and consider the risks associated with trading on an unregulated platform. You can check our platform for information before trading. If you find such fraudulent brokers or have been a victim of one, please let us know in the Exposure section, we would appreciate it and our team of experts will do everything possible to solve the problem for you.

User Exposure on WikiFX

Conclusion

Based on the available information, Zion operates as an unregulated broker, which raises significant concerns about the safety and security of client funds. While the company offers a wide range of financial instruments and utilizes the popular MetaTrader4 (MT4) trading platform, the lack of regulation and reports of withdrawal issues and scams on the website are red flags. Traders are strongly advised to exercise caution and consider the associated risks before engaging with Zion. It is recommended to seek regulated and reputable brokers that prioritize the protection of client funds and have a proven track record of reliable and transparent operations.

Frequently Asked Questions (FAQs)

Q 1: Is Zion regulated?
A 1: No. Zion National Futures Association (NFA, License No. 0538960) is unauthorized.
Q 2: Does Zion offer the industry leading MT4 & MT5?
A 2: Yes. It supports MT4.
Q 3: Is Zion a good broker for beginners?
A 3: No. It is not a good choice for beginners. Not only because of its unregulated condition, but also because of its inaccessible website.

News

WikiFX Review: Something you need to know about Zion.

NewsWikiFX Review: Something you need to know about Zion.

2022-09-05 16:29

Zion is an online offshore forex broker currently attracting our eye. In this article, we will analyze the reliability of this broker from different aspects.

WikiFX
2022-09-05 16:29
News
WikiFX Review: Something you need to know about Zion.

User Reviews

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Yuri2
6-12months
Zion provides a convenient gateway for retail investors, allowing them to enter the market at lower costs through user-friendly applications. However, there's room for improvement in backend, reporting, and IT support functions. More customer engagement, research, and educational resources would be beneficial.
2024-02-07 15:31
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0
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陳柏廷
more than one year
Scam Alert, ROBBED my MONEY ALREADY!!! Should be minus ten stars if that was possible!! Once they have your money you have no chance of getting it back!
2022-12-13 12:04
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0
0
FX1116623073
more than one year
Zion is nothing but a scam. I have been negotiating with them for a long time, but they still have not approved my withdrawal request. Until yesterday, I totally lost connection with this broker.
2022-12-08 16:18
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